Apartments for Rent in Niagara, Toronto, ON

Niagara, Toronto apartment availability

Niagara's rental market offers a good selection of listings, with an average of 55 rentals available each month. The majority of these rentals are 1-bedroom and 2-bedroom apartments, with a smaller number of studios and 3-bedroom units. Many of these apartments offer convenient amenities, including in-unit laundry, dishwashers, and air conditioning, which are available in over 79%, 86%, and 84% of rentals, respectively. This makes Niagara a great option for renters looking for comfortable and convenient living arrangements.

Niagara, Toronto rental market trends

Niagara's rental market experienced a significant shift in 2024, with average monthly rents decreasing by 13.2% to $2,730. This decline is reflected across most bed counts, with 1-bedrooms averaging $2,497 (a 10.1% decrease) and 2-bedrooms averaging $3,474 (a 9.8% decrease). However, studios saw a 6.5% increase, with average rents reaching $1,898.

The rental market in Niagara tends to fluctuate throughout the year, with May typically seeing the highest rents. In contrast, December is usually the most affordable month, with rents about 32% lower than in May. This significant difference in rent prices between May and December suggests that renters may be able to find better deals during the winter months. Additionally, the data suggests that the rental market in Niagara may be less competitive during the winter season, making it a potentially good time to search for a new apartment.

Why Niagara, Toronto is a great place to live

Niagara stands out for its commitment to environmental sustainability and vibrant social scene. The neighborhood's focus on eco-friendly living is evident in its use of non-toxic paint, rainwater harvesting, and sustainable materials in construction. Community solar projects and low-flow fixtures further contribute to its green credentials. With a strong transit score and walk score, Niagara also offers a convenient and connected lifestyle, making it easy to get around and meet up with friends. The neighborhood's attention to street infrastructure and safety adds to its appeal, creating a well-rounded community that prioritizes both the environment and social connections.